ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.033%

Price spread now: Hibachi against Extended−0.053%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Extended Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.322%−$32 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.053%, 7d avg +0.077%

Together, before fees−0.210%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hibachi is 0.130% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ETH-USD	2,735.7	0.0104	pay 0.0013% / 1h	22m 30s	$30.3M	$70.4M	50x
Short	Hibachi ETH/USDT-P	2,734.3	0.0008	get 0.0001% / 1h	22m 30s	$239K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HibachibpOrdersPrice spread, now −0.053%Rate

Funding earned: −$20.16
Price spread: −0.053% → +0.077%: −$12.99
Slippage, 4 orders: −$4.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$51.93
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Hibachi: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 2 min ago	0.18 bp	3.8 bp −$4	4.3 bp −$43	6.4 bp −$637	15.7 bp −$7,828
Sell Hibachi live order book, 1 min ago	0.02 bp	6.2 bp −$6	12.8 bp −$128	doesn't fit	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETH-USDT	−0.0154%	8h	2,735	−0.026%	$282.6M	$176.7M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,734	−0.064%	$275K	$5.5M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.9	−0.066%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0064%	8h	2,734.9	−0.029%	$1.05B	$1.19B	200x	as long as short
Bybit ETHUSDT	−0.0061%	8h	2,735.4	−0.010%	$2.32B	$4.26B	150x	as long as short
Phemex ETHUSDT	−0.0048%	8h	2,734.3	−0.052%	$263.3M	$62.5M	150x	as long as short
SunX ETH-USDT	−0.0019%	8h	2,734.4	−0.050%	$942K	$10.4M	100x	as long as short
ApeX Omni ETHUSDT	−0.0015%	1h	2,724.3	−0.419%	$8.3M	$31.0M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,724.7	−0.403%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.8	−0.033%	$11.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ETH-USD	0.0000%	1h	2,737	+0.047%	$10.6M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,732.8	−0.107%	$6.6M	$667.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,734.6	−0.042%	$33.0M	—	200x	as long as short
Hibachi ETH/USDT-Pshort	+0.0008%	1h	2,734.3	−0.053%	$239K	$1.4M	20x
01 Exchange ETHUSD	+0.0024%	1h	2,736.1	+0.014%	$195K	$883K	50x	as long as short
Deribit ETH-PERPETUAL	+0.0032%	1h	2,736	+0.012%	$266.0M	$220.3M	50x	as long as short
SoDEX ETH-USD	+0.0048%	1h	2,735	−0.026%	$54.5M	$182.3M	40x	as long as short
Gate ETH_USDT	+0.0058%	8h	2,736.9	+0.044%	$3.28B	$8.31B	200x	as long as short
Aster ETHUSDT	+0.0068%	8h	2,736.5	+0.029%	$253.3M	$836.5M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,735.9	+0.008%	$1.66B	$10.49B	100x	as long as short
MEXC ETH_USDT	+0.0076%	8h	2,736.6	+0.034%	$1.57B	$2.58B	500x	as long as short
Binance ETHUSDT	+0.0079%	8h	2,736.1	+0.014%	$6.32B	$15.84B	150x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,733.6	−0.076%	$4.9M	$190K	20x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,736.5	+0.027%	$383.8M	$559.6M	100x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,736.7	+0.036%	$177K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,737.9	+0.079%	$113.0M	$403.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,738.2	+0.091%	$23.7M	$96.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,732.4	−0.120%	—	$30.3M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,736.4	+0.025%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,740.7	+0.181%	$15.4M	$6.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,736.5	+0.030%	$14.3M	$100.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,738.3	+0.094%	$3.12B	$1.95B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,737.3	+0.059%	$32.1M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,736.6	+0.032%	$2.7M	$16.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,737	+0.048%	$1.6M	$15.6M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,720.7	−0.550%	$164.6M	$337.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,736.2	+0.018%	$2.12B	$2.68B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,736	+0.010%	—	$18.6M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,734.3	−0.051%	$15.1M	$38.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.3	−0.492%	$131.5M	$313.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.4	−0.415%	$185.4M	$682.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,725	−0.391%	$158.5M	$81.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728.6	−0.260%	$20.9M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,737.4	+0.062%	—	$437K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,736.7	+0.036%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	−0.417%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USDlong	+0.0104%	1h	2,735.7	long leg	$30.3M	$70.4M	50x
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,735.9	+0.005%	$82.1M	$307.6M	100x	as long as short
Aftermath Perps ETHUSD	+0.0110%	1h	2,727.6	−0.296%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,736.5	+0.027%	$45.9M	$4.19B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,737.2	+0.055%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0170%	1h	2,735.7	+0.001%	$7.3M	$961K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,736.9	+0.042%	$32.3M	$10.8M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,732.5	−0.118%	$117K	$22.1M	52x	as long as short
Bluefin ETH-PERP	+0.1166%	1h	2,734.7	−0.039%	$20K	$23K	25x	as long as short